The Privatization Origins of Political Corporations: Evidence from the Pinochet Regime

Felipe Gonzalez, Francisco Manuel Munoz Martinez, Francisco Urzua

Research output: Contribution to journalArticle

Abstract

We show how the sale of state owned firms in dictatorships may lead to the creation of political corporations operating in democracies. Using several novel datasets, we characterize the privatizations of the Pinochet regime in Chile using a data driven algorithm, confirming that some state owned firms were sold underpriced to politically connected individuals
Original languageEnglish (US)
JournalJournal of Economic History
StateE-pub ahead of print - Feb 5 2020

Cite this

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title = "The Privatization Origins of Political Corporations: Evidence from the Pinochet Regime",
abstract = "We show how the sale of state owned firms in dictatorships may lead to the creation of political corporations operating in democracies. Using several novel datasets, we characterize the privatizations of the Pinochet regime in Chile using a data driven algorithm, confirming that some state owned firms were sold underpriced to politically connected individuals",
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year = "2020",
month = "2",
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language = "English (US)",
journal = "Journal of Economic History",
issn = "0022-0507",
publisher = "Cambridge University Press",

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The Privatization Origins of Political Corporations : Evidence from the Pinochet Regime. / Gonzalez, Felipe; Munoz Martinez, Francisco Manuel; Urzua, Francisco.

In: Journal of Economic History, 05.02.2020.

Research output: Contribution to journalArticle

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AU - Gonzalez, Felipe

AU - Munoz Martinez, Francisco Manuel

AU - Urzua, Francisco

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N2 - We show how the sale of state owned firms in dictatorships may lead to the creation of political corporations operating in democracies. Using several novel datasets, we characterize the privatizations of the Pinochet regime in Chile using a data driven algorithm, confirming that some state owned firms were sold underpriced to politically connected individuals

AB - We show how the sale of state owned firms in dictatorships may lead to the creation of political corporations operating in democracies. Using several novel datasets, we characterize the privatizations of the Pinochet regime in Chile using a data driven algorithm, confirming that some state owned firms were sold underpriced to politically connected individuals

M3 - Article

JO - Journal of Economic History

JF - Journal of Economic History

SN - 0022-0507

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